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| Semester | fall semester 2020 |
| Course frequency | Every fall sem. |
| Lecturers | Ola Mahmoud (ola.mahmoud@unibas.ch, Assessor) |
| Content | Causality is influence by which one event, process or state (a cause) contributes to the production of another event, process or state (the effect) where the cause is partly responsible for the effect, and the effect is partly dependent on the cause. While we are told in economics and finance (the true fact) that "correlation is not causation", this course aims to encourage the empirical researcher to go beyond correlation, to think causally, and to statistically analyze causality in both experimental and observational studies. The course will broadly cover the following topics: 1. Introduction to principles of causal inference 2. Causal graphs 3. Confounding and interventions 4. Counterfactuals 5. Empirical and statistical methods 6. Applications in finance and economics |
| Learning objectives | The goal of this course is to learn the most important principles of causal reasoning as well as the application of causal inference in empirical analyses in finance and economics. |
| Bibliography | -- Lecture slides on ADAM -- Relevant books and papers will be listed on ADAM |
| Weblink | Weblink to ADAM |
| Admission requirements | No strict prerequisites are required. However, a basic knowledge of quantitative tools, statistics, probability and a certain level of mathematical sophistication and intellectual curiosity will be needed. |
| Course application | Course registration: please enrol in MOnA; Registration = Enrolment to the exam. A deregistration is possible by email to Studiendekanat-wwz@unibas.ch until Nov 9 2020, 8 pm. |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
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No dates available. Please contact the lecturer.
| Modules |
Specialization Module: Monetary Economics and Financial Markets (Master's Studies: Business and Economics) |
| Assessment format | end-of-semester examination |
| Assessment details | A written exam accounting for 100% of the grade: 7.12.20. Electronic exam, Qualtrics, starting time: 14:00. |
| Assessment registration/deregistration | Reg.: course registr.; dereg.: Office of the Dean of Studies |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |